NovaGold Resources Net Income vs. Shares Outstanding

NG Stock  CAD 5.44  0.46  9.24%   
Based on NovaGold Resources' profitability indicators, NovaGold Resources' profitability may be sliding down. It has an above-average likelihood of reporting lower numbers next quarter. Profitability indicators assess NovaGold Resources' ability to earn profits and add value for shareholders.
 
Net Loss  
First Reported
1997-02-28
Previous Quarter
-13.7 M
Current Value
-10.7 M
Quarterly Volatility
26.7 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, NovaGold Resources' Price To Sales Ratio is very stable compared to the past year. As of the 12th of December 2024, Days Sales Outstanding is likely to grow to about 12 K, though Operating Cash Flow Sales Ratio is likely to grow to (221.60). At this time, NovaGold Resources' Income Tax Expense is very stable compared to the past year. As of the 12th of December 2024, Net Income Per E B T is likely to grow to 1.72, though Accumulated Other Comprehensive Income is likely to grow to (20.9 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.540.51
Notably Up
Slightly volatile
For NovaGold Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NovaGold Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NovaGold Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NovaGold Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NovaGold Resources over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.
Please note, there is a significant difference between NovaGold Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if NovaGold Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NovaGold Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

NovaGold Resources Shares Outstanding vs. Net Income Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining NovaGold Resources's current stock value. Our valuation model uses many indicators to compare NovaGold Resources value to that of its competitors to determine the firm's financial worth.
NovaGold Resources is rated below average in net income category among its peers. It is considered to be number one stock in shares outstanding category among its peers . NovaGold Resources reported last year Net Loss of (42.12 Million). Comparative valuation analysis is a catch-all model that can be used if you cannot value NovaGold Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NovaGold Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

NovaGold Shares Outstanding vs. Net Income

Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

NovaGold Resources

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
(46.8 M)
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

NovaGold Resources

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
334.57 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

NovaGold Shares Outstanding Comparison

NovaGold Resources is currently under evaluation in shares outstanding category among its peers.

NovaGold Resources Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in NovaGold Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NovaGold Resources will eventually generate negative long term returns. The profitability progress is the general direction of NovaGold Resources' change in net profit over the period of time. It can combine multiple indicators of NovaGold Resources, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-22 M-20.9 M
Operating Income-19.6 M-20.6 M
Total Other Income Expense Net-22.5 M-23.6 M
Net Loss-42.1 M-44.2 M
Income Tax Expense44.9 K47.1 K
Income Before Tax-42.1 M-44.2 M
Net Loss-42.1 M-44.2 M
Net Loss-48 M-50.4 M
Interest Income6.7 M4.2 M
Net Interest Income-6.5 M-6.9 M
Change To Netincome49.5 M39.4 M
Net Loss(0.14)(0.13)
Income Quality 0.19  0.18 
Net Income Per E B T 1.16  1.72 

NovaGold Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on NovaGold Resources. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of NovaGold Resources position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the NovaGold Resources' important profitability drivers and their relationship over time.

Use NovaGold Resources in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NovaGold Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NovaGold Resources will appreciate offsetting losses from the drop in the long position's value.

NovaGold Resources Pair Trading

NovaGold Resources Pair Trading Analysis

The ability to find closely correlated positions to NovaGold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NovaGold Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NovaGold Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NovaGold Resources to buy it.
The correlation of NovaGold Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NovaGold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NovaGold Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NovaGold Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your NovaGold Resources position

In addition to having NovaGold Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Stores Thematic Idea Now

Stores
Stores Theme
Companies providing different types of retail and wholesale services. The Stores theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Stores Theme or any other thematic opportunities.
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When determining whether NovaGold Resources is a strong investment it is important to analyze NovaGold Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NovaGold Resources' future performance. For an informed investment choice regarding NovaGold Stock, refer to the following important reports:
Check out Correlation Analysis.
To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
To fully project NovaGold Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NovaGold Resources at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include NovaGold Resources' income statement, its balance sheet, and the statement of cash flows.
Potential NovaGold Resources investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although NovaGold Resources investors may work on each financial statement separately, they are all related. The changes in NovaGold Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on NovaGold Resources's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.